Hi Saul,
Thanks for the musings. My thoughts are exactly the same for the 3 stocks you mentioned except I have an additional worry about AFOP. I sold when it was decently price (19) and put some money in the bank. When I read about them, what concerned me was they looked more like a Chinese company with a very short tether. That isn’t by itself a problem except it made me think they were not in the game as we might expect but, due to the heavy Chinese influence and different ways of doing things (read different culture), they appeared to be an extension of the 2 manufacturers, who are also 2 of their largest customers.
This led me to surmise that if anything happened to those special relationships, this company would vaporize and so I termed it a short term investment. I worry about things like the home company saying; “OK, now you will give us a bigger cut of your profits since we are facing stiffer competition here.” This is all fantasy conjured up by an overactive imagination but that’s what welled up after reading about the company in more detail than I usually do.
Please disavow me of those concerns since I do believe my take could be pure paranoia or brilliant intuition. You are the voice of steady reason.
Since I can’t defend my feelings on AFOP I am not trying to dissuade anyone else from buying it or selling it. And like you say all the time, “I may be wrong”. I’m just looking to see if that particular component bothers anyone else.
Mykie